In accordance with stories, MicroStrategy (rebranded to Technique) CEO Michael Saylor dropped one other trace that his firm is able to add extra Bitcoin to its already large stash. He shared a easy chart on X with the phrase “Nothing Stops This Orange.”
It wasn’t some advertising slogan. It was a sign. Technique now holds over 592,000 BTC, valued at practically $60 billion, with Bitcoin buying and selling slightly below $101,000. Quick tweets from Saylor have sparked contemporary shopping for runs earlier than. This time might be no completely different.
Michael Saylor Teases New Bitcoin Purchase
Michael Saylor’s cryptic submit is greater than a rallying cry for crypto followers. It follows a string of comparable hints that led Technique to choose up giant chunks of Bitcoin at key value dips.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
Primarily based on historical past, merchants and buyers watch his each transfer. He’s constructed a status for turning a single line on social media right into a multi-million-dollar acquisition. If previous patterns maintain, we may see the corporate locking in additional BTC by mid-year.
Lawsuit Accuses Execs Of Deceptive Buyers
Final Friday, a shareholder filed a spinoff go well with in Virginia federal court docket. Abhey Parmar claims that Saylor, CEO Phong Le, CFO Andrew Kang and 4 board members failed of their responsibility.
In accordance with the grievance, they “made materially false and deceptive statements” a few January accounting change. The go well with says the workforce downplayed the impression and threat of Bitcoin’s wild value swings earlier than the Q1 report.
New Accounting Rule Triggers $6 Billion Loss
Technique adopted a Monetary Accounting Requirements Board rule that kicked in a month earlier. The change let corporations worth crypto holdings at estimated market costs. It backfired for Technique in April.
The corporate recorded a $5.9 billion unrealized loss on Bitcoin, and its shares slid practically 10% within the days after the outcomes. Buyers had been caught off guard by how massive the hit turned out to be.
Supply: Google Finance
Insider Gross sales And Inventory Restoration
The lawsuit additionally highlights practically $32 million in inventory gross sales by prime execs earlier than the loss grew to become public. Parmar argues these gross sales got here whereas the share value was “artificially inflated.”
Nonetheless, Technique shares have clawed again most of their losses. They jumped from a low of slightly below $237 in early April to as much as practically 28% thus far this yr. That rebound exhibits many merchants are nonetheless betting on Saylor’s long-term imaginative and prescient.
Featured picture from Unsplash, chart from TradingView
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